Comrad
Socks Reinvented: Premium compression socks designed for comfort and performance
Overview
Raised: $82,247
Rolling Commitments ($USD)
12/31/2022
$669
160
2015
Apparel & Fashion
HealthTech
B2C
High
Low
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$4,297,364 |
$3,418,223 |
COGS |
$946,144 |
$729,922 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-1,644,286 |
$-1,071,971 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$414,282 |
$792,877 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$1,325,748 |
$1,311,437 |
Short-Term Debt |
$3,878,132 |
$3,861,071 |
Long-Term Debt |
$649,533 |
$214,040 |
Total Liabilities |
$4,527,665 |
$4,075,111 |
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Edge
Compression socks were originally designed for medial use — to improve circulation or help with musculoskeletal ailments like plantar fasciitis. But thanks to the range of health benefits they offer, compression socks are becoming increasingly popular. You don’t have to be a nurse or have aches in your feet to enjoy improved blood flow, decreased swelling, and even lymphatic drainage.
Those benefits were exactly what Andrew Ferenci needed. He had a job that required him to travel regularly. The frequent plane rides were causing swelling and pain in his feet. He wanted a solution that didn’t scream “medical device,” something he could wear with his regular clothes that wouldn’t draw attention or distract from his work. Thus, Comrad was born.